Angkas, the leading locally grown motorcycle ride-hailing platform, and Pag-IBIG Fund, the country’s premier housing and provident fund are thrilled to announce a pioneering partnership that will revolutionize the landscape of social protection for Angkas rider partners. This groundbreaking collaboration enables Angkas to facilitate voluntary contribution collection from its rider partners, and pay for these benefits in an efficient and accessible way.
Recognizing the vital role played by Angkas rider partners in the nation’s transport ecosystem and their valuable contributions to the economy, Angkas paves the way for their rider partners to access essential social benefits and protection previously limited to traditional employee-employer arrangements.
Under this innovative initiative, Angkas rider partners will have the option to voluntarily contribute to the Pag-IBIG Fund, thereby securing various financial assistance programs, loans, and housing benefits that the fund offers. This opportunity will significantly enhance their financial security and improve their quality of life, promoting a more inclusive and supportive environment for rider partners.
Key Benefits for Angkas Rider Partners:
Voluntary Contributions: Angkas rider partners can now make voluntary contributions to the Pag-IBIG Fund, ensuring that they can access various social benefits and housing privileges.
Financial Safety Net: Through this collaboration, Angkas rider partners will have the opportunity to build a financial safety net for themselves and their families, enabling them to face uncertainties with greater confidence.
Housing and Loan Programs: By participating in the Pag-IBIG Fund, rider partners will be eligible to avail themselves of affordable housing programs and access loans for personal and business purposes, contributing to their economic stability and growth.
Empowerment and Inclusivity: This partnership highlights the commitment of both Pag-IBIG Fund and Angkas to promote inclusivity and social protection, ensuring that all contributing rider partners can access essential benefits, regardless of their employment status.
Ms. Marilene Acosta, the CEO of Pag-IBIG Fund, expressed her enthusiasm about this landmark partnership, stating, “At Pag-IBIG Fund, we strive to extend our services to all Filipinos who wish to secure their future and improve their lives. This partnership with Angkas is a testament to our dedication to inclusivity and innovation, ensuring that even our rider partners can benefit from the security and privileges offered by our fund.”
Mr. David Medrana, Angkas’ Head of Operations, shared his thoughts on the collaboration, saying, “We are proud to work hand in hand with Pag-IBIG Fund to empower our rider partners with access to valuable social benefits. This partnership aligns with our commitment to enhance the well-being of our riders and recognizes their significant contributions to the community.”
The Pag-IBIG Fund and Angkas partnership marks a milestone in the gig economy landscape, setting an inspiring precedent for other platform-based companies to follow. It demonstrates the potential of public and private sector collaboration to provide social security solutions to partner bikers, ultimately creating a more resilient and equitable society.
About Pag-IBIG Fund:
Pag-IBIG Fund, also known as the Home Development Mutual Fund (HDMF), is a government-owned and controlled corporation in the Philippines. It provides Filipinos with a convenient and affordable means to save for their future and avail housing-related financial assistance. The fund’s programs are designed to promote homeownership and provide social benefits to its members.
About Angkas:
Angkas is a leading motorcycle ride-hailing platform in the Philippines. It connects commuters with trained and accredited motorcycle riders to provide efficient and convenient transportation solutions in urban areas. The platform is committed to ensuring the welfare of its rider partners and continually explores opportunities to enhance their well-being.
